Nabors Industries Stock Target Price
| NBR Stock | USD 43.98 0.90 2.09% |
Nabors Industries fundamentals help investors to digest information that contributes to Nabors Industries' financial success or failures. It also enables traders to predict the movement of Nabors Stock. The fundamental analysis module provides a way to measure Nabors Industries' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nabors Industries stock.
Nabors |
Nabors Target Price Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nabors Industries' direct or indirect competition against its Target Price to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nabors Industries could also be used in its relative valuation, which is a method of valuing Nabors Industries by comparing valuation metrics of similar companies.Nabors Industries is currently under evaluation in target price category among its peers.
Nabors Fundamentals
| Return On Equity | -0.0708 | ||||
| Return On Asset | 0.0317 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 2.74 B | ||||
| Shares Outstanding | 14.4 M | ||||
| Shares Owned By Insiders | 4.27 % | ||||
| Shares Owned By Institutions | 59.20 % | ||||
| Number Of Shares Shorted | 1.43 M | ||||
| Price To Earning | (2.50) X | ||||
| Price To Book | 4.60 X | ||||
| Price To Sales | 0.21 X | ||||
| Revenue | 2.93 B | ||||
| Gross Profit | 1.19 B | ||||
| EBITDA | 813.23 M | ||||
| Net Income | (87.99 M) | ||||
| Cash And Equivalents | 451.02 M | ||||
| Cash Per Share | 45.15 X | ||||
| Total Debt | 2.51 B | ||||
| Debt To Equity | 2.03 % | ||||
| Current Ratio | 1.73 X | ||||
| Book Value Per Share | 14.21 X | ||||
| Cash Flow From Operations | 581.43 M | ||||
| Short Ratio | 4.04 X | ||||
| Earnings Per Share | (22.37) X | ||||
| Price To Earnings To Growth | (0.68) X | ||||
| Target Price | 64.25 | ||||
| Number Of Employees | 12.4 K | ||||
| Beta | 2.09 | ||||
| Market Capitalization | 620.51 M | ||||
| Total Asset | 4.5 B | ||||
| Retained Earnings | (2.09 B) | ||||
| Working Capital | 427.62 M | ||||
| Current Asset | 1.48 B | ||||
| Current Liabilities | 1.01 B | ||||
| Five Year Return | 3.99 % | ||||
| Net Asset | 4.5 B |
About Nabors Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nabors Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nabors Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nabors Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Nabors Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nabors Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nabors Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Nabors Stock
| 0.94 | HP | Helmerich and Payne | PairCorr |
| 0.96 | NE | Noble plc | PairCorr |
| 0.94 | PDS | Precision Drilling | PairCorr |
| 0.95 | RIG | Transocean Aggressive Push | PairCorr |
Moving against Nabors Stock
| 0.61 | DNOW | Now Inc | PairCorr |
| 0.56 | AM | Antero Midstream Partners | PairCorr |
| 0.5 | EC | Ecopetrol SA ADR | PairCorr |
| 0.49 | E | Eni SpA ADR | PairCorr |
| 0.49 | BP | BP PLC ADR | PairCorr |
The ability to find closely correlated positions to Nabors Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nabors Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nabors Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nabors Industries to buy it.
The correlation of Nabors Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nabors Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nabors Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nabors Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Nabors Stock Analysis
When running Nabors Industries' price analysis, check to measure Nabors Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nabors Industries is operating at the current time. Most of Nabors Industries' value examination focuses on studying past and present price action to predict the probability of Nabors Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nabors Industries' price. Additionally, you may evaluate how the addition of Nabors Industries to your portfolios can decrease your overall portfolio volatility.